Britishvolt, Scorpio Group to research maritime EV batteries, storage
By Nick Carey
LONDON (Reuters) – Britishvolt stated on Wednesday that Monaco-based Scorpio Group had made a strategic funding within the electrical car (EV) battery startup and the 2 firms will analysis battery energy and storage choices for maritime transport.
Britishvolt’s “entry to the UK’s cutting-edge scientific group make sure that we will work collectively to additional speed up green-propulsion and doubtlessly energy storage options for maritime,” stated Filippo Lauro, vice chairman of Scorpio, a part of the identical group as oil tanker firm Scorpio Tankers and renewable vitality agency Eneti.
World transport firms have been researching electrical and hydrogen-powered vessels as zero-emission choices for maritime use, with a number of trials ongoing for each applied sciences.
Emissions-free ferries EGhave operated in Scandinavian waters for a number of years, together with The Tycho Brahe and Aurora ferries run by Sweden’s ForSea between Helsingborg in Sweden and Helsingor in Denmark.
In March, Britishvolt launched a Sequence C funding spherical with a beginning funding of 40 million kilos ($53 million) from mining large Glencore.
The corporate has additionally secured UK authorities backing for a battery plant challenge in northern England, unlocking 1.7 billion kilos ($2.10 billion) in non-public funding.
Britishvolt can also be working with British sports activities carmakers Aston Martin and Lotus to develop batteries.
Scorpio and Britishvolt didn’t disclose the scale of the strategic funding, however a supply conversant in the matter informed Reuters it was within the “single-digit tens of millions” of kilos.
($1 = 0.8096 kilos)
(Reporting By Nick Carey; Modifying by Bernadette Baum)
